$1,995,000 Active
1003 Martis Landing
Truckee, CA 96161

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
4 Beds
·
3.0 Baths
·
2,032 Sq Ft

Our data on this home

About This Property

Welcome to effortless mountain living just minutes from world-renowned Northstar California Resort. From the moment you arrive, the large, freshly refinished deck sets the tone for relaxed Tahoe living, offering the perfect place for outdoor dining, entertaining, or unwinding after a day on the slopes. Inside, the fully remodeled home features a bright, open-concept floor plan designed for both everyday comfort and entertaining. The beautifully updated kitchen serves as the heart of the home with all-new cabinetry, high-end appliances, a spacious island, and breakfast bar seating. The main level also includes a stylish primary suite, two welcoming guest bedrooms, and an updated full bathroom. At the end of the hallway, a generous bonus room surrounded by picturesque windows creates a versatile gathering space, complete with access to a private deck ideal for grilling or enjoying the mountain setting. Downstairs, an additional spacious primary suite offers excellent flexibility for guests, extended family, or added privacy. Thoughtfully updated with new tile and cabinetry, the suite also includes private laundry hookups and access to a secluded patio. A garage with new epoxy floors and additional laundry area complete the lower level. Residents enjoy an impressive collection of HOA amenities, including a lap pool, spas, fitness center, game room, and seasonal basketball, tennis, pickleball, and bocce courts. Completely remodeled from flooring to cabinetry, this turnkey home combines modern finishes, flexible living spaces, and an exceptional location near Northstar for an ideal year-round mountain retreat.

Listed by Lukas Brassie — COMPASS

Listing Details

Status Active
MLS # 20261660
Days on Market 76
Price/Sq Ft $982

Property History

Aug 07, 2026
Listed for sale
$1,995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2025 $1,795,000 Lukas BrassieCOMPASS Lukas BrassieCOMPASS

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,032
Lot Size 0.30 acres
Year Built 1987
Property Type Single Family Residence
Style Other
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 110200044000
Parking
Garage Spaces 2
Parking Features Two, Attached, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods, Mountain(s)
Construction Frame
Roof Composition
Foundation Slab
Utilities & Systems
Heating Natural Gas
Cooling Air Conditioning
Financial
HOA Fee $1,700 / Annually
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$65K – $115K typically ~$90,000
~$7,500 per month
Avg Nightly
$663
Occupancy
37%
Cap Rate
1.8%

STR Investment Summary — 1003 Martis Landing, Truckee

Est. Gross Annual Revenue
$65K – $115K
typically ~$90,000
Avg Nightly Rate
$663
Projected Occupancy
37.2%
Cap Rate
1.8%
Structural Score: 70 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Northstar / Martis Valley market data (83 comparable 4-bedroom rentals, 2026-10); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$3,500 – $4,100/yr
about $317/mo
Est. Rebuild Cost (Coverage A)
$853,440
FAIR Plan (fire)
$2,900/yr
DIC wrap (theft, water, liability)
$600 – $1,200/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$12,300 per month
Principal & interest
$10,088/mo
Property taxes
$1,753/mo
1.0544% of the price, Truckee's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$142/mo
From MLS listing data.
Home insurance
$317/mo
CA FAIR Plan + DIC estimate, ~$3,500–$4,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($399,000)
Home price
$1,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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